|
|
|
| 
Nov. 30, 2006
|
MHMR Nov. 30, 2006; Volume 14, Number 20
’05 HMO net down 0.2%...3Q06 HMO/POS lives rise 0.6%...Best downgrades UnitedHealth...Chart: HMO financials, 23 states...WellPoint expands Tonik...IL HMO net rises 4.2%...Chart: IL HMO financials...Chart: HMO/POS lives, 22 plans...MCO stocks rise 4%...Services stocks rise 3%...NMHCS shares plummet...and more...
|
|
HMO ’05 NET FALLS 0.2% IN 23 STATES
HMOs in 23 states tracked by MHMR generated net income of $8.53 billion in 2005, down 0.2% from a year earlier, on revenues of $213.428 billion, up 6%.
|
|
3Q06 HMO/POS LIVES RISE 0.6% TO 59.676 MM
Fully funded HMO and POS enrollment among 22 leading managed care organizations increased 0.6% to 59.676 million as of Sept. 30, 2006, compared to the same period a year earlier.
|
|
A.M. BEST DOWNGRADES UNITEDHEALTH
A.M. Best (Oldwick, NJ) has downgraded the financial strength rating of UnitedHealth Group (Minnetonka, MN) to “A” or “excellent” from “A+’ or “superior” after United said that a non-cash charge related to its accounting of stock options would be higher than expected.
|
|
WELLPOINT LAUNCHES TONIK IN GEORGIA
WellPoint Inc. (Indianapolis) has officially launched its low-cost, high-deductible Tonik plan aimed at uninsured 19 to 34-year-olds in Georgia, having previously revealed its intention to enter the market (MHMR, Sept. 30).
|
|
IL HMO NET INCOME INCREASES 4.2% IN 2005
HMOs in Illinois increased net income 4.2% to $340.4 million in 2005, up from $326.8 million in 2004, according to an MHMR tally of state insurance department data.
|
|
NMHCS SHARES PLUMMET ON 2007 PROFIT WARNING
Shares in National Medical Health Card Systems (Pt. Washington, NY) plummeted 22% to $10 for the week ended Nov. 17 after the company said fiscal 2007 earnings projections were no longer reliable. NMHCS said it is reviewing certain rebate arrangements and has delayed the release of its financial results for the fiscal first quarter ended Sept. 30, 2006.
|
|
|
|
